The Millionaire Next Door: a J.C. Penney FanPosted on April 30th, 2013
During the past two years J.C. Penney has implemented a dramatic change in its marketing strategy. It called for greatly reducing the number of coupon/special on sale pricing and related promotional methods. Its old method was replaced with the so-called stable, every day price point method. And, according to The Wall Street Journal, this new strategy called for an abrupt reduction in the design and marketing for Penney's private label offerings. Historically, however, one half of the company's sales came from its private label merchandise. And often these offerings have received high praise from consumer experts. When these changes began to unfold, I thought...
At What Age? Gifted, Talented or Just Well PreppedPosted on April 9th, 2013
At what age do you think a child's trajectory of future achievements (or lack of) is defined? Some people think that it is at age 4. It must be since some of them spend considerable dollars having their 4 year-olds "prepared" for acing "the new gifted and talented test." If the child scores big he will qualify "for gifted and talented kindergarten seats in New York City public schools." It may be that the tutoring has done so well that, as the title of a recent New York Times article states, "Schools Ask: Gifted or Just Well-Prepared?"Natalie . . . 4, spent...
An Isle for The Millionaire Next Door!Posted on April 2nd, 2013
We just spent 5 days chilling out on a Florida barrier island on the Gulf coast. It was our first visit to St. George Island . After 2 days there it became evident to me that this laid back environment is well suited for the millionaire next door types I have known. It is quiet, reasonable [$8.50/dozen Apalachicola oysters] and unpretentious. Plus I was pleasantly surprised to find that it is the most "dog friendly" vacation spot I have encountered. Every listed rental property that allowed dogs had a paw print next to each description. There are no gourmet restaurants on the island, and if you are looking for...
Tax Cheats in Super Cars?Posted on March 19th, 2013
This respondent edited the printed screener, wrote outside the boxes: "I don't own a Ferrari, I own three! . . . Rolex? I have three plus . . .Breitling, Cartier, Movado, Omega, Tag Heuer . . . (wine collection) 2,000 bottles." Mr. Multiplinski, aka Mr. M, was first profiled in Stop Acting Rich. But it is time for an update. Mr. M is a member of the glittering rich club, extremely wealthy with a net worth that exceeds $100 million, and a taxable income in the multimillions. He is not shy about communicating his financial achievement. . . has a very strong need ....
Barbershops, 91% Profitable but Not the U.S. Senate'sPosted on February 12th, 2013
A recent news headline read: "Senate even losing money on haircuts; Critics say $400K deficit for hair salon symbolic as Congress seeks military, domestic program cuts." Yes, even in these times when families are struggling financially, our government in Washington is providing subsidized haircuts for members of the U.S. Senate. Last year the Senate Hair Care Barbershop (SHCB)/Salon ran a $401,000 deficit providing $20 cuts to senators, staff . . . . Just imagine it, members of Congress, many of whom want to dictate how American business owners operate their enterprises, can't even run a profit making barbershop. According to my...
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